The political economy of wages

Thomas, Alex M. (2024) The political economy of wages. In: Encyclopedia of new populism and responses in the 21st century. Springer Nature, Singapore, pp. 566-570. ISBN 9789819978014

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Abstract

Populism, insofar as it relates to economic policies, can be better understood by examining the dominant way of discussing wages in economics. Hence, marginalist labor economics is critically appraised. Subsequently, a classical political economic understanding of wages is outlined, and its superiority is demonstrated. After discussing the implications of the two theories of wages for policy, the entry concludes by making some critical remarks on the relationship between economic theories and policies.

Item Type:	Book Section
Authors:	Thomas, Alex M.
Editors:	Editors Email ORCID Chennattuserry, Joseph Chacko UNSPECIFIED UNSPECIFIED Deshpande, Madhumati UNSPECIFIED UNSPECIFIED Hong, Paul UNSPECIFIED UNSPECIFIED
Document Language:	Language English
Subjects:	Social sciences > Political Science Social sciences > Economics > Labor economics Social sciences > Economics > Production > Economic policy, economic development, economic growth
Divisions:	Azim Premji University - Bengaluru > School of Arts and Sciences
Full Text Status:	None
URI:	http://publications.azimpremjiuniversity.edu.in/id/eprint/6813
Publisher URL:	https://doi.org/10.1007/978-981-99-7802-1_8

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